U.S. West Texas Intermediate and international-benchmark Brent crude oil managed to eke-out a small gain for the holiday-shortened week, but the volatile, two-sided price action indicated cracks may be developing in the bullish narrative. Crude Oil Gains Limited Despite hitting a new five-month high earlier in the week, it was Thursday’s gains which prevented the crude oil markets from closing lower for the week. Nonetheless, this week’s price action suggests a top-heavy market. However, we do realize that the below-average pre-holiday trade may have had an effect on trading. For the week, June WTI crude oil settled at $64.07, down $0.05 or -0.08% and June Brent crude oil finished at $71.97, up $0.42 or +0.58%. The most vital industry information will soon be right at your fingertips Join the world’s largest community dedicated entirely to energy professionals and enthusiasts The news tended to lean to the bullish side late […]